Business & Finance Taxes

Definition of a Corporate Warranty Deed

    Features

    • Corporate warranty deeds offer the seller’s guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.

    Corporation Status

    • Because corporations are treated differently than individuals for property transactions, deeds involving a corporation must be titled so. State requirements will determine if the listed business name will qualify for corporation status.

    Considerations

    • Additionally, state requirements will determine if a corporation is exempt from transfer taxes on deeds. In certain cases, non-profit companies and government agencies do not have to pay transfer taxes. This is up to the state in which the transaction is taking place, however.



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